I had that mk1 with the aero kit. I really liked it for what it was. 256hp as standard, half leather interior, Bose sound system etc etc. Torque steer is limited in first and second as well as depending on steering wheel angle. It all helps but does not eliminate torque steer completely. The aero is the one to go for as it comes on lowered eibach springs. It's a lot bigger than your mates car and will feel it. Still handle well when compared to its competition and posts similar lap times. Easily tuneable being a turbo but I believe you need to start replacing internals over 300ish bhp.
It's a pretty quick, very practical, good handling hot hatch. I never drove the mk2 so not sure about those.